LeBron James agrees to four-year, £116m deal with LA Lakers

Four-time NBA most valuable player LeBron James has agreed to a four-year £116million contract with the Los Angeles Lakers, his agency has announced.

The 33-year-old star forward leaves the Cleveland Cavaliers to join an iconic franchise that has won 16 NBA titles but is rebuilding after posting a losing record for five consecutive seasons.

The announcement tweet, from Klutch Sports Group read, "LeBron James, four time NBA MVP, three time NBA finals MVP, fourteen time NBA All Star, and two time Olympic gold medalist has agreed to a four year, $154 million contract with the Los Angeles Lakers."

The bombshell announcement changes the scope of both the Eastern and Western Conferences as the Lakers look to re-emerge as championship contenders.

James, 33, is the latest – and one of the greatest – legends to play for the Lakers. He has averaged 27.2 points, 7.4 rebounds and 7.2 assists per game in 1,143 career contests.

This marks the first time James will play for a team in the hotly contested Western Conference, which includes heavyweight teams such as the Golden State Warriors and Houston Rockets. James spent his first seven seasons with the Cleveland Cavaliers, his next four seasons with the Miami Heat, and his last four seasons back at home with Cleveland.

The Cavaliers had hoped to re-sign James, who has appeared in eight consecutive NBA Finals. The Philadelphia 76ers reportedly also had strong interest in the 6-foot-8, 250-pound superstar who entered the league directly out of St. Vincent-St. Mary High School in Akron, Ohio.

The Lakers' big offseason might not be finished. Another star forward, Kawhi Leonard, reportedly wants to go to Los Angeles via trade from the San Antonio Spurs.